Older Americans facing more mortgage debt

May 13, 2014

The group including the most homeowners is also facing increasing amounts of mortgage debt. A report from the Consumer Financial Protection Bureau states that more American seniors are in over their heads with their mortgage. Crain's Chicago Business housing reporter Dennis Rodkin explains what factors are contributing to this trend. He also has more on the trend of renters-not buyers-on the North Shore.
Photo: Flickr/401(K) 2013